Skyworks Solutions (NASDAQ:SWKS) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Wednesday. They currently have a $105.96 price objective on the semiconductor manufacturer’s stock. Vetr‘s target price would suggest a potential upside of 3.69% from the stock’s previous close.

Several other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley raised their price target on shares of Skyworks Solutions from $86.00 to $88.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Cowen raised their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Tuesday, October 10th. Barclays raised their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Bank of America raised their price target on shares of Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $116.00.

Skyworks Solutions (NASDAQ:SWKS) traded up $2.33 during trading hours on Wednesday, hitting $102.19. 2,120,000 shares of the stock were exchanged, compared to its average volume of 2,390,000. The firm has a market capitalization of $18,780.00, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.01 and a beta of 0.83. Skyworks Solutions has a 1 year low of $76.49 and a 1 year high of $117.65.

In other news, SVP Carlos S. Bori sold 4,377 shares of Skyworks Solutions stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $108.30, for a total value of $474,029.10. Following the sale, the senior vice president now owns 17,645 shares in the company, valued at $1,910,953.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 7,986 shares of Skyworks Solutions stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $110.32, for a total transaction of $881,015.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 161,864 shares of company stock worth $17,246,539. Company insiders own 0.49% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock worth $1,472,757,000 after buying an additional 3,692,877 shares in the last quarter. Vanguard Group Inc. raised its stake in Skyworks Solutions by 2.8% during the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after purchasing an additional 502,995 shares during the period. BlackRock Inc. raised its stake in Skyworks Solutions by 3,071.2% during the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock worth $1,181,019,000 after purchasing an additional 11,673,555 shares during the period. Ameriprise Financial Inc. raised its stake in Skyworks Solutions by 25.0% during the fourth quarter. Ameriprise Financial Inc. now owns 9,768,802 shares of the semiconductor manufacturer’s stock worth $750,176,000 after purchasing an additional 1,953,913 shares during the period. Finally, State Street Corp raised its stake in Skyworks Solutions by 0.5% during the first quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock worth $758,285,000 after purchasing an additional 38,898 shares during the period. 81.59% of the stock is currently owned by hedge funds and other institutional investors.

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Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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